The S&P 500 has topped at 2430 on 6/1/17

[Nighthawk]

I'm wrong 22% of the time
But gaining 100% on short call premium
makes up for my shortcoming

Volente,

don´t forget: more than 50% of S&P companies make 50% of their revenue OUTSIDE of the USA! Namely, China, Europe, Asia, Latin America asf. While the US economy MAY show some kind of wekness, this stock market party is far from over. Europe´s, Japan´s, Australia´s, New Zealand´s, China´s economies are just about to accelerate. No surprise, if you have BOE, ECB, BOJ, BOC, Bank of Canada (basically almost G8 central banks) on the gas pedal, at some point inflationary tendencies will occur! Inflation means revenues and profits of S&P 500 companies will rise and will more than offest weakness in the US.

US macro figures are only one set of the equation. World economies interconnections are much more pronounced than in the past.

For the record: I am buying and selling on a daily basis more than 40.000 S&P contracts (on average) and receive research from at least 5 Tier1 US investment banks (including Goldman Sachs, Morgan Stanley, BOFA, JP Morgan, Citi).

 

[bmwhendrix]

No. --it can't be both ways--

Sure it can. You agree that entering a trade with minimal confirmations is high risk?
Do you then also agree that the closer you enter to the last swing high (for a short trade), the lower your $ risk will be, assuming you place your stop just past that swing point....

 

[sss12]

commodities are screaming deflation, so either stocks have to come down sometime or commodities have to come up

@recession2016 same with equities vs bonds, one is probably off. unless we are in a goldilocks situation with nice slow growth and little inflation ?

 

[sss12]

Why

@Buy1Sell2 in the simplest terms....because usually when you have a global equities rally it is driven by growth which has a inflationary component to it. If so, commodities should move higher as well due to said inflation.

 

[JSSPMK]

Higher low, come on!

 

[propwarrior]

Overshot my top by 1.83 points
Technically I'm wrong
But the top is in and I'm still holding my short calls in SPY
See you hoes lower

let's not be dishonest. It didn't overshoot your top, it overshot your stop, you called the top way down lower. You are in Surf territory here, so far in denial you cannot tell reality for fiction.

 

[recession2016]

let's not be dishonest. It didn't overshoot your top, it overshot your stop, you called the top way down lower. You are in Surf territory here, so far in denial you cannot tell reality for fiction.

You really think people that make top calls use stops?

 

[propwarrior]

You really think people that make top calls use stops?

there was a well known poster called Surf who was rumbled several times for not having an actual position on.

 

[JSSPMK]

Nice action.

 

[noddyboy]

I'm wrong 22% of the time
But gaining 100% on short call premium
makes up for my shortcoming

When are you cashing in?